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appears to be following -- the falling apart due to the credibility of the accuser. there is a big trade dispute going on right now. the european union and mexico which took objection to the abuse of quotas, china must either appeal the ruling or comply by removing the restririctio. failure to do so will enable the u.s. to respond with trade sanctions. they are used in the electrical appliances and predominantly in ththe stl industry. the banking system could also be headed for some big trouble. they have failed to keeeep track of economic stimulus funds. the total value could be well over 300 billion euros. the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the consortium won the final better. the contract calls
in the senate for us. how does austerity look for ordinary italians? >> the big weakness of this budget is it puts off some many of the cuts and tax increases until 2013, 2014. that is not coincidental. there is a general election in june 2013. all of this will have to be done by the next government. in the meantime, there is going to be a gaming tax, increased health charges, cuts in pensions, but only for the highest pensions -- and in italy, pensions are pretty generous. this is not a budget which in the short-term is going to lead anybody into destitution. >> in other news, syrian pro- democracy activists say government forces have killed at least nine people as protests against the president continue. reports indicate the military crackdown on opposition activists in damascus and hana. police have arrested members of opposition supporters. non-governmental organizations say at least 1600 people have been killed since the uprising began four months ago. 13 turkish soldiers have been killed in an attack in the southeast of the country. officials say kurdish militants ambushed troops.
not call it a war with itself, but there is definitely a big divide between the classic dealmakers, the moderate republicans, and the freshman tea party members. they are quite numerous. they want to cut spending and massive weight and balance the budget. house republicans passed a deal only a week ago that included those two things. massive spending and a balanced budget amendment, but the senate, which is a majority democratic, would need to take that up. house speaker boehner took the amendment out. that is not even getting through the house. what they are discussing right now is put it back in at some point. >> a little bit of a yo-yo effect. house speaker boehner has been in charge through this, particularly this week. is charged is to craft legislation the house will accept. so far he looks like a failure, does he not? >> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a p
americans, there's a big degree of this dog just connected to the shuttle. 1 million people traveled to florida to catch a glimpse of the final lift off. we begin our in depth with a look at how the shuttle revolutionized space shuttle as well as some of the challenges it has faced over 30 years of operation. ♪ >> the space shuttle is the symbol of the u.s. space program for more than three decades. it began with the dream of flying weekly missions into orbit. they were on hand for the debut of the prototype. no one had seen a spaceship like it. after vertical lift off, it could glide back and land like an airplane and ready for another mission began. -- it again. >> everyone wondered what spaceflight with wings would be like. it was supposed to be simpler with less acceleration. it was uncharted territory for nasa. >> it also paved the way for other countries to join nasa it in exploring space. the europeans build a research lab specially designed for the shuttle's loading bay. it is your ticket to manned space flight. -- it was europe's ticket to manned space flight. the first on
growth area. it's a big growth is in the mobile sector and not in the pc market which had to lower the expectations for the pc business for the months ahead. there is a mixed outlook and that is the reason why the stock of intel is losing in the thursday session. >> what other shares or stories are standing out in the session? >> basically, we got extremely good numbers if you compare them to expectations from morgan stanley, the last big american bank to come out with earnings. the stock is trading up by 1.9%. that helps to support financial stocks and wall street. we had a pretty gloomy outlook from pepsi. they had decent numbers for the past but the outlook is a bit disappointing. that stock is one of the bigger losers with a drop of about 5%. >> thank you very much. staying with earnings, things are looking up for american express. cardholders spend a record amount in the second quarter of this year and that sent profits surging to over $1.3 billion. this was a bit of a comeback. many corporate clients cut back on spending during business trips during the financial crisis and f
the procedure which was then banned. a court found in his favor, spurring a big public debate. >> it may prevent suffering in individual cases, but in every single case, it denies a conceived human life the right to live. we should not do that. >> no one takes the decision to have the in vitro fertilization lightly. it is an extremely stressful procedure. both physically and psychologically, and it carries a social stigma. >> couples to go this route already have a long history of suffering behind them. ultimately, arguments like that won, but the use of the procedure will be strongly restrict it. the only parents with hereditary illnesses will qualify. a few hundred couples are likely to benefit each year. >> i am relieved that a sensible world will affect the majority and couples are not prevented from seeking treatment in germany. >> this person finally knows where he stands after campaigning for the procedure the last six years. >> later, the discussion over embryo screening. >>> britain's biggest selling sunday paper has been shut down at amidst the phone hacking scandal. "news of the world
as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agenc
the political spectrum how the big sector pensions need to be reformed. we need to do that in a reasonable way. >> the strike was the largest in britain for many years. unions said the action might be followed by larger protests later this year when a major public spending sector cuts are expected to begin to bite. >> human-rights activists and syria say security forces have killed at least 19 people in the north of thee country in the past 40 hours. the regime of president assad has move forces to stop refugees from fleeing into turkey. protests against the government continue across the country. hundreds of protesters took to the streets of all. for the first time. in a border town, sir joseph -- soldiers used tear gas. more than 30 people have died as a result of the crackdown on pro-democracy demonstrators. -- more than 130 people have died as a result of the crackdown. jibral said he respected the german abstention in the u.n. vote but action is needed as the war against muammar gaddafi drags on. >> thursday was the third time that the german foreign ministry has meet with the leader of t
Search Results 0 to 7 of about 8